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- RE: Italian Restaurant Reduced To $349,000 - Bring Offers!
- Contact: Don Williams
Quick Facts
Asking Price: | $349,000 | |
Annual Revenue: | $1,123,028 | |
Net Profit: | Not Disclosed | |
Cash Flow: | $49,967 | |
Total Debt: | Not Disclosed | |
FF&E: | Not Disclosed | |
Real Estate: | Not Disclosed | |
Year Established: | 1988 | |
Employees: | 24 | |
BBN Listing #: | 985590 | |
Broker Reference #: | 20334 |
Business Overview:
Now reduced to $349,000 - Motivated seller is retiring and ready to see offers! With $1.12M in 2024 sales, this well-established Italian Restaurant for Sale has remained a strong earner for over 38 years in the same prime location. While sales saw a modest dip from prior years, this presents a golden opportunity for a new owner to step in, revitalize operations, and capitalize on decades of goodwill. Owner is willing to provide partial financing to a qualified operator!
Located in a high-traffic area with excellent visibility, this Italian Restaurant for Sale is a local favorite drawing both loyal regulars and travelers along the busy Northern Virginia to Charlottesville corridor. It's a fantastic turnkey opportunity and a must-see for budding restaurant entrepreneurs and experienced restaurateurs alike.
At 3,000 square feet, this We Sell Restaurants exclusive offering presents a comfortable yet intimate dining atmosphere with seating for 72 guests. Two separate kitchen areas allow for efficient operation - one dedicated to pizza ovens and prep stations, and the other for the restaurant's signature Italian entrees. Check out the extensive equipment list and photos to learn more! Everything is in place to ensure a smooth transition to a new owner and continuity of operations.
The rent is just $3,500 per month, very reasonable for the area, and the lease is assumable. Currently open six days a week, the restaurant is located in a busy shopping plaza with ample parking and surrounded by residential neighborhoods. The surrounding area continues to grow with new housing developments, creating significant upside for expanding dine-in, takeout, and delivery sales.
We Sell Restaurants works with a broad network of lenders, offering options for SBA, conventional, and unsecured financing, making it easier than ever to secure both acquisition funds and working capital.
Italian cuisine never goes out of style - stick with the successful existing menu or bring your own culinary creativity to the table. From quick bites to full meals, this restaurant serves a diverse range of customers and budgets. Opportunities like this don't last in this market - call today and make your restaurant ownership dream a reality!
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Contact the Seller:
To request more information regarding this listing, simply check the ADD TO REQUEST INFO BASKET button (above Quick Facts) and when you are done searching and have made all your selections, simply click on the REQUEST FREE INFO button at the bottom of this page.
Property Features and Assets:
Hoods x2
Grease trap
Six burner stove
Flat top
Grill
Fryers x2
Salamander
Three compartment sink
Microwaves x2
Hobart dough mixer
Pizza ovens x2
Smallwares pots pans ladles etc.
Dishware serving ware flatware
Prep tables x5
Sheet pan racks
Miscellaneous shelving
Pasta cooker
Scales x3
Conveyor toaster
Meat slicer
Display case
Walk in cooler x2
Walk in freezer
Glass front reach in cooler
Reach in freezer
Ice machine
Sandwich prep cooler
Pizza cooler
Tables x20
chairs x72
Flatware
Silverware
Serving ware
Keg cooler
Ice well
Sound system
Clover POS with four stations
Safe
Copy machine
High chairs
Booster seats
Signage
Trash receptacles
Utility carts
Miscellaneous decor
Market Competition and Expansion:
Well-established in community, independent v. franchise
Reason for Selling:
Retirement. Kindly ask the seller for more information.
Additional Details:
- The property is Leased.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity
Relevant Links:
- View more Virginia businesses for sale
- View more Businesses For Sale in the same industry
- Sell a business online
- Find a business broker
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